Monday’s Numbers: April 4, 2011

Headlines and quotes we publish are intended to convey a sense of the terms and conditions present in the real estate capital markets.

Quote of the Week: “Each of the deals that have gone out have been over-subscribed. There is a lot of originator money chasing borrowers and investor money chasing product,” said Daniel Rubock, Senior Vice President, Moody’s Investors Service, while speaking about competition in the commercial mortgage-backed securities market, as quoted in Real Estate Finance & Investment.

According to Trulia’s chief economist, U.S. home prices were 2 percent undervalued in the fourth quarter of 2014. But the most overvalued market in the country is now Austin, at 16 percent overvalue, followed by Orange County and Los Angeles in southern California. Nine of the 100 largest metro areas are 10 percent or more overvalued.

Competition for prime assets in Europe’s major real estate markets is leading investors to continue their move into secondary assets and recovering markets, according to Emerging Trends in Real Estate Europe 2015, a forecast published jointly by ULI and PwC.